| Metric | Value ($ M) | Q1 FY26 | Q2 FY25 |
|---|---|---|---|
| Revenue | 80.05 | 23.8% | 286.9% |
| Total Income | 80.05 | 23.8% | 286.9% |
| Expenditure | 417.29 | 24.1% | 130.2% |
| PBT | -1.9K | 334.9% | 872.3% |
| Net Profit | -1.9K | 331.9% | 956.2% |
| OPM | — | ||
| NPM | — | ||
| EPS | -5.08 | 332.0% | 625.7% |
IonQ Announces Record Second Quarter 2026 Revenues, Growing 287% YoY
06 Aug 2026 · 6 Aug, 1:43 am
Summary
IonQ reported record second quarter 2026 revenues of $80.1 million, a 287% increase year-over-year, driven by strong customer demand and a record number of quantum computer deployments. The company raised its full-year revenue guidance to between $280 million and $290 million, reflecting continued growth and the successful closure of the SkyWater acquisition. Management expressed confidence in executing the quantum platform roadmap and translating technology leadership into durable commercial growth.
Key Highlights
- 1
IonQ announced record GAAP revenues of $80.1 million for the second quarter of 2026, representing a significant 287% year-on-year increase.
- 2
The company generated strong organic revenue growth driven by a record number of quantum computer deployments, reinforcing confidence in achieving 100% organic growth for the full year 2026.
- 3
International, Commercial, and Multi-Product segments contributed approximately 50%, 60%, and 25% of the quarter's total revenue, respectively, showcasing the breadth of IonQ's business.
- 4
IonQ closed the acquisition of SkyWater Technology, establishing the first vertically integrated, full-stack, quantum platform.
- 5
The company raised its full-year 2026 revenue guidance to between $280 million and $290 million, with remaining performance obligations growing 297% year-on-year.
- 6
Second quarter 2026 revenue of $80.1 million exceeded guidance by 20% at the midpoint.
- 7
Cash, cash equivalents, and investments stood at $3.0 billion as of June 30, 2026, or $2.0 billion pro-forma for the SkyWater acquisition.
Management Comments
Niccolo de Masi
I am pleased to report that IonQ delivered its fifth consecutive quarter of record results and the strongest quarter in our company's history. Second quarter revenue of $80.1 million again exceeded our guidance, reflecting continued customer demand across our expanding quantum platform. The successful close of our SkyWater and Nexus acquisitions extends IonQ’s full-stack quantum platform and merchant supplier leadership to the U.S. and allied ecosystem. We have also made powerful strides towards demonstrating our 256-qubit quantum computer and publishing results for our quantum error correction technology on our hardware. We enter the second half of the year confident in IonQ’s ability to execute our quantum platform roadmap, translate our technology leadership into durable commercial growth, and create long-term value for shareholders. We also welcome the recent White House quantum executive orders which reinforce the strategic importance of quantum technologies for both the U.S. economy and national security. These executive orders send a strong signal that quantum sensing, quantum networking, quantum cybersecurity and quantum computing leadership are all now national priorities for the United States. We are more confident than ever that IonQ, with our unique quantum platform, is well positioned to support that effort.
Inder Singh
Our second quarter 2026 revenue grew 287% year-on-year, driven by global deployments of our IonQ Tempo quantum computers, strong cloud utilization, and broad-based commercial momentum across our quantum platform. Our revenue base is broadening in ways that reinforce its durability, with approximately 50% international, 60% commercial, and 25% multi-product revenue for the quarter. We are pleased to raise our revenue guidance to a new record level of $290 million at the high end and continue to be confident in delivering organic growth of 100% year-on-year for the full year 2026.
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